The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

Bloomberg If they really want to steer clear of geopolitical flare-ups, investors should set up bigger positions in the dollar and volatility indexes — and abandon favorite hideaways in the yen and gold, according to JPMorgan Chase & Co. Assets long thought to be havens don’t necessarily hold up as the safest stores of value amid newer threats shaking markets ...

Bloomberg Barclays Plc saw its key measure of financial health sink to the lowest level among 48 banks in a European stress test, which gauged how well lenders could withstand heavy credit losses and other Brexit-related fallout. Barclays’s fully loaded common equity Tier 1 ratio, a measure of its highest-quality capital, shrank to 6.37 percent in a so-called adverse scenario. ...

Bloomberg ING Group NV put a run of bad news behind it, with a third quarter profit that beat estimates and progress towards its cost targets. The shares jumped the most in 18 months. While net income plunged because of a 775 million-euro ($879 million) settlement for failing to monitor and prevent money laundering, the hit was less severe than ...

Bloomberg Credit Suisse Group AG’s turnaround is running out of steam just as the bank enters the final stretch of its overhaul. Revenue and net income missed estimates in the third quarter, and the Global Markets business — one of the most difficult challenges of Chief Executive Officer Tidjane Thiam’s three-year tenure — posted an unexpected loss. The bank is ...

Bloomberg Italy’s Alitalia SpA attracted bids from European discounter EasyJet Plc and US giant Delta Air Lines Inc., as the government renews attempts to sell the bankrupt flag-carrier. UK-based EasyJet said in a statement that it submitted a revised expression of interest in Alitalia, while Delta also presented a proposal. Italian state railway company Ferrovie dello Stato said it also ...

Bloomberg Coty Inc. wants to get closer to valuable Chinese consumers of cosmetics, hair care and fragrances, and will do so through a partnership with Alibaba Group Holding Ltd. The beauty company and online giant are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons, and lets ...

Bloomberg Southwest Airlines Co. is giving up on charging for in-flight movies, bowing to feedback from passengers accustomed to not paying on rival carriers. Free flicks will be available on some Wi-Fi-enabled jets and will be rolled out to most customers by the end of the week, Southwest said in a statement. That makes the Dallas-based discounter the last of ...

Bloomberg An economic development director at Amazon.com Inc. isn’t happy about a Washington Post report that the e-commerce giant is in advanced talks with a Washington suburb about being the location for its second headquarters. In a recent tweet, Amazon’s Mike Grella addressed “the genius leaking info,” saying: “You’re not doing Crystal City, VA any favours. And stop treating the ...

Bloomberg Britain is urging the European Union to support a global carbon market for emissions from airlines, a move that would probably supersede the bloc’s own trading program. Aviation is too big of an industry to be covered piecemeal by regional pollution rules, according to Liz Sugg, the UK’s aviation minister. Flights within the union are covered by the EU’s ...

ABU DHABI / WAM The results of macroeconomic and sectoral indexes reflect a positive economic performance in Abu Dhabi, particularly at the level of non-oil activities, during Q2 of 2018, confirming rising levels of investor confidence and business optimism about the emirate’s economic outlook. This is revealed by Q2 economic follow-up report of results of the emirate’s macroeconomic and sectoral ...